PPI Claims Bill Increasing

Sources have informed, villadelsolenapoli.it that more banks also had a policy of putting to one side ppi claims, and in the coming months, the FSA will also be fining these banks as well.

As of January 2016, the UK’s major high street banks – which include names such as, Barclays, RBS, Natwest, Santander and Natwest who were found guilty of mis selling PPI have currently set aside £12 billion for ppi claims payouts that they intend to make. Although some industry experts speculate that the eventual ppi bill may reach £15 billion.

RBS and Natwest two banks, who were partly responsible for the massive mis-selling of payment protection insurance, have agreed to pay out £30 million to nearly 300,000 of their customers, who forgot to remove money from a cash machine and thus their money was swallowed up.The vast majority of banks in the United Kingdom, instantly credit someone’s bank account, if they ever leave money at their cash machine.

However RBS, standing in stark contrast to the rest of the UK banking industry, has a policy of sending the money back into it’s own accounts and the bank will only return the money to the customer, if that person lodges a request to do so.

This policy now has been stopped by RBS.

RBS is now in the process of refunding customers from the beginning of 2005, January until 2016.

RBS which is owned by the UK government has set aside £1.7 billion in provisions for the mis-selling of ppi. You can reclaim mis sold ppi today by visiting http://www.mrppiclaimsco.com – the UK’s PPI Claims specialists.